Like the never-ending battle of good and bad, we in procurement fight between flexibility and control. Will there ever be a winner?
Supply Chain, Procurement, Purchasing. I mix these words up myself sometimes. This is an attempt to clear up these terms once and for all to myself.
In procurement, we can describe all our activities as the Source – to – Pay (S2P) process. A part of it is the Procure – to – Pay (P2P) process, which is quite often mentioned, especially in presentations of procurement-related software. So, let us go in details and see what are the elements of these processes.